Wolf Haldenstein Announces Investigation of L&L Energy, Inc.

  Wolf Haldenstein Announces Investigation of L&L Energy, Inc.

Business Wire

NEW YORK -- September 26, 2013

The law firm of Wolf Haldenstein Adler Freeman & Herz LLP announces that it is
investigating potential federal securities claims against L&L Energy, Inc.
(“L&L Energy” or the “Company”) (NASDAQ:LLEN) and certain of its officers and
directors in connection with allegations that the Company made materially
false and misleading statements regarding its revenue accounting practices.

In particular, the Company allegedly misrepresented or failed to disclose that
(1) it improperly accounted for substantial revenue from otherwise defunct
operations; (2) it claimed acquisitions and divestitures of various properties
through swap transactions that never, in fact, occurred; (3) it lacked
adequate internal and financial controls; and (4) as a result of the
foregoing, the Company’s financial results were materially false and
misleading at all relevant times.

According to a Seeking Alpha article published on September 19, 2013,
GeoInvesting, a company that provides research and analysis on United States
listed Asian companies, is preparing to file a whistleblower report with
NASDAQ and the Securities and Exchange Commission alleging that L&L Energy has
been “defrauding investors by booking substantial revenue from operations that
have been idle for quite some time.” Specifically, the Company’s purported
acquisitions and divestitures were no more than “a bait and switch shell
game,” based on “swap transactions that never occurred,” through an exchange
of assets that L&L Energy never owned.

On this news, the Company’s stock price fell $0.80 per share or more than 38%,
to close at $1.27 on September 19, 2013.

Wolf Haldenstein has been representing individual and institutional investors
for many years, serving as lead counsel in numerous cases in United States
federal and state courts. Please visit the Wolf Haldenstein website
(http://www.whafh.com) for more information about the firm.

Please contact us no later than November 22, 2013 if you own L&L Energy common
stock and wish to discuss this matter with us, or have any questions
concerning your rights and interests:

Gregory M. Nespole
Wolf Haldenstein Adler Freeman & Herz LLP
270 Madison Avenue
New York, New York 10016

Phone Numbers:
(800) 575-0735
(212) 545-4600

Email: Classmember@whafh.com or nespole@whafh.com and please reference “L&L
Investigation.”

Attorney Advertising

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Gregory M. Nespole
800-575-0735
212-545-4600
Classmember@whafh.com
nespole@whafh.com
 
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